Banco BTG Pactual S.A. Sells 8,276 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

• Banco BTG Pactual reduced its AMD position by 53% in the second quarter, selling 8,276 shares and retaining 7,346 shares worth approximately $4.27 million.
• AMD reported quarterly earnings of $1.66 per share, exceeding estimates, while revenue rose 50.1% year over year to $11.54 billion. Institutional investors own 71.34% of the company.
• Analysts maintain a generally positive outlook, with AMD carrying a “Moderate Buy” consensus rating and an average price target of $546.95, though its high valuation and ongoing competition with Nvidia remain risks.

Banco BTG Pactual S.A. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,346 shares of the semiconductor manufacturer's stock after selling 8,276 shares during the quarter. Advanced Micro Devices comprises about 0.4% of Banco BTG Pactual S.A.'s holdings, making the stock its 29th biggest holding. Banco BTG Pactual S.A.'s holdings in Advanced Micro Devices were worth $4,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UNIVEST FINANCIAL Corp lifted its holdings in shares of Advanced Micro Devices by 79.3% during the second quarter. UNIVEST FINANCIAL Corp now owns 2,304 shares of the semiconductor manufacturer's stock valued at $1,338,000 after purchasing an additional 1,019 shares in the last quarter. Conway Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 408.4% in the second quarter. Conway Capital Management Inc. now owns 6,355 shares of the semiconductor manufacturer's stock worth $3,692,000 after acquiring an additional 5,105 shares during the period. Lee Johnson Capital Management LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $8,281,000. Grandfield & Dodd LLC purchased a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $479,000. Finally, Auxano Advisors LLC lifted its position in Advanced Micro Devices by 21.8% during the second quarter. Auxano Advisors LLC now owns 1,696 shares of the semiconductor manufacturer's stock valued at $985,000 after purchasing an additional 303 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 0.8%

Shares of AMD stock opened at $473.25 on Friday. The company has a market capitalization of $772.57 billion, a price-to-earnings ratio of 121.66 and a beta of 2.48. Advanced Micro Devices, Inc. has a one year low of $149.22 and a one year high of $584.73. The company's fifty day moving average price is $511.40 and its 200-day moving average price is $375.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. Advanced Micro Devices's revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: BMO initiated coverage of AMD with a buy recommendation, adding to bullish Wall Street sentiment toward the semiconductor sector and AMD’s AI opportunity. BMO Buy Ratings for Semiconductor Stocks
• Positive Sentiment: AMD continues to show stronger and more consistent revenue growth than Arm Holdings. Its latest quarter included record revenue of $11.54 billion, up 50.1% year over year, and earnings that exceeded analyst expectations. AMD and Arm Revenue Comparison
• Positive Sentiment: Reports that Google may collaborate with AMD on its next-generation TPU could represent a meaningful design win and broaden AMD’s relationships with hyperscalers. Coatue Management’s new position, valued at approximately $55.8 million, also signals institutional interest in the AI trade. Google Reportedly Working With AMD on a TPU
• Neutral Sentiment: AMD is increasingly viewed as Nvidia’s most credible AI-chip challenger, particularly with its Helios platform, but investors remain focused on whether it can narrow Nvidia’s ecosystem and market-share advantages. AMD and Nvidia AI Competition
• Negative Sentiment: Google’s expanding custom-chip program, including its relationship with Marvell, could increase competition for AI-inference workloads. A report that SpaceX selected Nvidia’s Vera Rubin platform reinforces concerns that AMD is still losing some high-profile AI infrastructure opportunities. SpaceX Selects Nvidia AI Infrastructure
• Negative Sentiment: CEO Lisa Su and SVP Ava Hahn sold shares totaling roughly $8.7 million. The transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but the sales may still weigh on sentiment after AMD’s substantial rally. AMD Insider Stock Sale
• Negative Sentiment: Valuation remains a risk: AMD trades at a very high earnings multiple, leaving the stock vulnerable to profit-taking or disappointment if AI growth slows or fails to meet aggressive expectations. AMD Valuation Analysis

Insiders Place Their Bets

In other news, Director Nora Denzel sold 8,626 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares of the company's stock, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company's stock, valued at $60,598,213.17. This represents a 11.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 210,763 shares of company stock valued at $99,912,107. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Loop Capital upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Tuesday, June 16th. Susquehanna boosted their target price on shares of Advanced Micro Devices from $450.00 to $500.00 and gave the company a "positive" rating in a research note on Thursday, July 30th. HSBC cut Advanced Micro Devices from a "buy" rating to a "hold" rating and increased their price target for the company from $335.00 to $340.00 in a report on Monday, May 4th. Bank of America lifted their price objective on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Melius Research set a $660.00 price objective on Advanced Micro Devices in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $546.95.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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